T.W.A. Is Planning to Sell $55‐Million of Certificates

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Trans World Airlines, Inc disclosed plans yesterdaY to sell $55‐million of loan certificates to help finance three 747, planes.

The airline filed the certificates, which will mature in 1986, with the Securities and Exchange Commission yester day. Dillon Read & Co., Inc., will manage the group of in vestment banking firms offering them to investors, probably during the week beginning May 10.

T.W.A. itself will receive none of the proceeds from the sale of the issue. The certificates will be secured by a mortgage on the three planes and T.W.A. will guarantee payment of principal and interest.